NYSE - NYSE Delayed Price. © 2021 Verizon Media. Share your opinion and gain insight from other stock traders and investors. All investors who purchased shares of Romeo Power, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. Romeo Power, Inc. (RMO) Add to watchlist. Following this news, Romeo Power’s common stock fell $2.04 per share, or 19.7%, to close at $8.33 per share on March 31, 2021. (484) 270-1435 Toll free (844) 887-9500 Romeo is an energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Currency in USD. Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. Our investigation concerns whether Romeo Power has violated the federal securities laws and/or engaged in other unlawful business practices. The complaint alleges that throughout the Class Period, the defendants concealed that: (1) Romeo had only two battery cell suppliers, not four; (2) the future potential risks that the defendants warned of concerning supply disruption or shortage had already occurred and were already negatively affecting Romeo’s business, operations and prospects; (3) Romeo did not have the battery cell inventory to accommodate end-user demand and ramp up production in 2021; (4) Romeo’s supply constraint was a material hindrance to Romeo’s revenue growth; and (5) Romeo’s supply chain for battery cells was not hedged, but in fact, was totally at risk and beholden to just two battery cell suppliers and the spot market for their 2021 inventory. Following this news, Romeo shares declined from a closing price on March 30, 2021 of $10.37 per share to close at $8.33 per share, a decline of $2.04 per share, or almost 20%. RMO Stock Message Board for Investors. According to the complaint, during the Class Period the defendants represented that Romeo estimated revenue of $11 million for 2020, and estimated revenue of $140 million for 2021. Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Romeo Power, Inc. (NYSE: RMO) on behalf of Romeo Power stockholders. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. Romeo Power is an energy technology company delivering large-scale electrification solutions for complex commercial applications. LEAD PLAINTIFF DEADLINE IS JUNE 15, 2021NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class … Find out the direct holders, institutional holders and mutual fund holders for Romeo Power, Inc. (RMO). The company operates through two segments, Romeo Power North America and Joint Venture Support. 7.87 +0.66 (+9.15%) At close: 4:00PM EDT. Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Romeo Power To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - April 23, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE: … (484) 270-1453 Adrienne Bell, Esq. Get the detailed quarterly/annual income statement for Romeo Power, Inc. (RMO). Find the latest Romeo Power, Inc. (RMO) stock discussion in Yahoo Finance's forum.
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